Think back to the last time you wrote a business plan for a startup. Do you recall your estimated expense for legal fees? $1, ? $10, ? $0? How much to spend on legal fees is a common issue for startup companies with more than one correct answer. However, there are a few factors that suggest your startup should loosen up the purse strings. Back in my college days…
You ve made the decision to start a business. Now you re asking yourself, What type of business should I start? You already know that there s a world of possibilities out there for anyone who wants to start a business. How can you possibly winnow them down to find the type of business that s right for you? The approach outlined in this article will help. Once…
Learn how to prepare a grant proposal for a federal grant. business image by Patrizier-Design from Fotolia.com Many publications, websites and books mislead small business entrepreneurs to think that federal grants exist to start a new business. The only federal grant available to start a new business is to cover the research and development costs for a business…
Small Business Owners Should Not Fear SBA Loan Myths. Mardis Coers/Moment Mobile Right off the top The U.S. government does not currently provide direct grants to individuals for starting or expanding a small business. However, the government does offer plenty of free help in planning how to start or improve your business and in securing low-interest SBA-backed…
So you ve got a killer business idea and want to start a business. How are you going to get the start up money you need to take your new business from idea to success? Here are the most popular sources of business start-up money. 1) Your own pockets. This may be daunting at first glance, but it’s the most popular source of funds to start a business. Don’t have…
A number of businesses may be able to flourish in a small town. Wonderlust Industries/Photodisc/Getty Images Small towns can provide a better quality of life and less congestion than the big city. For a budding entrepreneur, they can also offer a variety of potential business opportunities. In large part, a great business idea for your small town will depend…
Entrepreneurs will often have amazing business ideas, but they put them on hold due to a lack of capital. They assume that their idea will never get far off the ground unless they have major funding behind them. Related: If your idea and plan of execution aren’t well thought out from the beginning, no amount of money can turn it into a winner. Have a great idea…
Are you ready to learn how to start a successful handyman business? Working for yourself as a handyman has tons of advantages, such as setting your own schedule, choosing the types of jobs and people you will work for, setting your own pay rates, and being in complete control of your income. Don’t think you need to do all the work yourself, either. The most successful…
Families can have fun working together. family image by Mat Hayward from Fotolia.com Parents often have a dream of building a family business to pass on to the next generation. Creating something together can be exciting and rewarding. A father can mentor sons or daughters and help them grow as business people and individuals. But working together can cause a…
Debating whether to start a small business in Bradenton? If so, this might convince you to take the risk and go all in on the new venture. “This is an exciting accolade to achieve. I’m not surprised that our local business environment and business cost ratings helped to place Bradenton in the top 10 percent of best small cities in which to start a business, ”…
Starting your own business may sound like an undertaking of epic proportions. The truth is, it’s not. Yes, you’re going to have to work hard, and commit to working on it at all hours of the day, but actually getting set up is simply down to making sure you’ve “checked all the boxes, ” which is exactly what this business startup checklist aims to help you do…
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One of the first things you need to find out when you re starting out is what laws apply to your new business. As a small business owner, you ll know that being legally compliant relies on being aware of rules and regulations. You may wish to consult a legal professional to help you with all the legal requirements that you must comply with, such as licences and…
When it comes to starting a business in Colorado, there’s definitely more than enough reasons for entrepreneurs to take notice. Take for example our thriving economy and flourishing state-wide community developments designed to encourage collaboration. Whatever the attraction, small businesses and entrepreneurs are excited about the opportunities for growing…
Starting a business is easy. You can do it in a day. Starting a business that lasts is a lot harder, even if you put all your time and money into it. And the all-in approach is a lot riskier, since the more time and money you invest, the more you put at risk. So if you haven t yet taken the entrepreneurial plunge, how can you live your entrepreneurial dream while…
Although small businesses still turn to credit unions, community banks, and traditional banks for their capital needs, outside equity such as angel investment and venture capital, are valid options. In fact, the venture and angel capital industries are experiencing a sharp increase in demand thanks to a greater certainty in the domestic economy. If you’re looking…
Mass.gov s Business Portal Covers Business licenses, permits & regulations; Starting or relocating a business; Employer & workplace information; Selling to state & local government; Economic development & financial support; Economic data & statistics; Buying from state government; and International trade & exports…
Offering outdoor classes is one way to set your small gym apart from the competition. yoga training image by Daria Miroshnikova from Fotolia.com While the fitness industry might seem saturated, there are dozens of reasons to start a small gym. Many people interested in fitness struggle to find the time to make it a priority. Others simply feel uncomfortable in…
If you’re looking to start a small business this year, you might want to know where in the U.S. you’ll have a better shot at keeping it running. These small cities are the best spots to build from the ground up. Dear Lifehacker, I m tired of the rat race and have been dreaming about starting my own… A new report from the financial experts at WalletHub suggests…
We’ve all seen the late night TV commercials targeted at entrepreneurs touting “free money from Uncle Sam”. Unfortunately, for the most part, there is no such thing. I say “for the most part” because government grants for small businesses do exist, but the opportunity to secure one is limited to a narrow field of candidates. Here’s what you need to know about…
Starting a food business has to be one of the most challenging businesses to get into. The harsh reality is that most fail within the first year. The restaurant business in notoriously tough, but where there is a will there is often a way! While vision and ambitions are important, turning that ambition into success requires research, planning, capital, business…
When it comes to funding, there isn’t a one-size-fits-all approach. Depending on where you’re at in your business, what type of funding you are seeking, and the amount you need, where you’ll look can vary widely. We’ve compiled a list from a variety of places to help you research and narrow down the options that are best for you. Loans: Small Business Administration…
Applied broadly, an art career can mean many different things. Some art careers involve working for a design company, or an advertising agency, or a gallery. Others involve working in the corporate world. But for most artists, the goal is eventually to go into business for themselves and use their talent and their passion to make a living as their own boss. It…
Deciding to open your own business was not a small decision you hastily made. It was the first decision of a lot of decisions – and likely one of the bigger ones you’ve made in your life – you will now be making. Some of the things you need to decide are: do you operate out of a home office or office space downtown; do you create your own website or hire someone…